One Dag Hammarskjold Plaza/ Google Maps
NEW YORK CITY—The Rockpoint Group closed on their purchase of One Dag Hammarskjöld Plaza, a 50-story, glass office tower located at 885 Second Ave. The seller was Ruben Companies, the real estate firm run by CEO Richard Ruben. Industry sources indicate the selling price was approximately $600 million.
The 815,000 square-foot building located between E. 47th and E. 48th streets was constructed in 1971, according to Real Capital Analytics. Designed by Emery Roth and developed by Lawrence Ruben, the tower was named in honor of Dag Hammarskjöld, an economist from Sweden. He served as the second secretary-general of the United Nations. In 1961, he died in a plane crash heading to negotiations to end violence and warfare in the Republic of Congo.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
